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Factors that increase Key Person Risk
Management of Key Person Risk is crucial for any business.
Mobile Staff
Employees have never been more mobile; even before Covid, they were always on the lookout for a better opportunity that helps them climb their career-ladder. Post-covid staff shortages has significantly increased this risk. This mobility exposes businesses to increased risk of staff absenteeism and disengagement as well as the disruption of recruiting and re-training when staff do leave. KPRS has been used by our clients to minimise this exposure, by providing support to those key roles, which not only supports that person and reduces the risk of overwhelm and burnout, but also reduces the risk of them leaving and losing crucial information should that key person leave.